Freshfields Advises the Welsh Rugby Union on the Launch of its 130th Anniversary Series of Debentures

International law firm Freshfields Bruckhaus Deringer has advised the Welsh Rugby Union (WRU) on the launch of its 130th anniversary series of debentures at the Millennium Stadium in Cardiff. The debentures will entitle the holders to have a priority right to purchase tickets for all of the Welsh national team’s home rugby matches for the next fifteen years.

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White & Case Advises on US$1.2 Billion Investment in Next-Generation Satellite Operator

Global law firm White & Case LLP has advised HSBC and LGI Ventures (an affiliate of Liberty Global), as part of a wider group of investors and banks, in connection with a US$1.2billion investment in satellite operator O3b Networks Limited, a developer of a new fibre-quality, satellite-based global internet backbone for telecommunications operators and internet service providers serving the emerging markets.

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Haynes and Boone Advises Wingate Partners in Preferred Compounding Acquisition

Haynes and Boone, LLP represented Wingate Partners in its recent acquisition of Preferred Compounding Corp., a supplier of proprietary and custom mixed rubber compounds with manufacturing plants in Tallapoosa, Ga.; Huntingdon, Tenn.; Fruithurst, Ala.; and Barberton, Ohio (company headquarters). Preferred Compounding was previously owned by The Watermill Group of Lexington, Mass.

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Goodwin Procter Leads Successful Massive Restructuring for Student Loan Guarantor

A multidisciplinary team of Goodwin Procter attorneys led the successful Chapter 11 restructuring of The Education Resources Institute, the second-largest nonprofit in Massachusetts by assets.  TERI guaranteed private student loans issued by most of the country’s leading banks.  During the course of the bankruptcy case, Goodwin attorneys obtained approval of a Plan of Reorganization that resolved creditor claims filed against TERI in excess of $23 billion and distributed cash to creditors in excess of $300 million.

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Shearman & Sterling Scores Victory for Fairfax Financial Holdings Limited

In a significant victory for client Fairfax Financial Holdings Limited, a team of Shearman & Sterling lawyers successfully defeated an approximately $400 million fraudulent conveyance claim asserted against Fairfax in conjunction with proceedings relating to the confirmation of the Plan of Reorganization of AbitibiBowater Inc. and its subsidiaries (collectively, the “Debtors”). After a contentious multi-week trial in Wilmington, Chief Bankruptcy Judge Kevin J. Carey confirmed the Debtors’ Plan and overruled all of the objections relating to the fraudulent conveyance claim. The Court’s opinion was predicated largely on the arguments advanced by the Shearman & Sterling team.

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